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Want To Make Paytm A Market Leader In Asia: Vijay Shekhar Sharma

Inc42 · 1y ago

Want To Make Paytm A Market Leader In Asia: Vijay Shekhar Sharma

Paytm founder Vijay Shekhar Sharma is confident in the company's ability to overcome recent regulatory hurdles and make a strong comeback. Despite the Reserve Bank of India's clampdown on Paytm Payments Bank, Sharma expressed his desire to make Paytm a market leader in Asia. He also emphasized the importance of taking personal responsibility for decision-making and acknowledged the value of regulatory oversight. Paytm shares have plummeted by 47% since January 31 and remain subject to volatility and selling pressure. Concerns have been raised about the impact on the company's financial performance in the coming years.

Related News

Paytm Founder Sharma Acknowledges Crucial Role Of Regulatory Engagement

OutlookIndia

OutlookIndia · 1y ago

Paytm Founder Sharma Acknowledges Crucial Role Of Regulatory Engagement

Fintech company One97 Communications founder and CEO, Vijay Shekhar Sharma, spoke about the importance of regulatory engagement and his vision to establish the company as a leader in Asia. Sharma emphasized the need for clarity and perseverance amidst ambiguity, and expressed his commitment to maintaining a significant role in the digital payment ecosystem. One97 Communications, which owns the Paytm brand, recently announced a strategic collaboration with Axis Bank to facilitate seamless merchant settlements. Sharma aims to make Paytm a leader in Asia's financial landscape. The company is actively engaging with banks to enhance customer experiences and expand its payment solutions.

Paytm Founder Sharma Acknowledges Crucial Role Of Regulatory Engagement

OutlookIndia

OutlookIndia · 1y ago

Paytm Founder Sharma Acknowledges Crucial Role Of Regulatory Engagement

One97 Communications CEO, Vijay Shekhar Sharma, spoke at an event in Japan about the importance of regulatory engagement and the company's vision to become a leader in Asia. Acknowledging the recent Paytm Payments Bank issue, Sharma emphasized the significance of clarity and perseverance in achieving the company's mission. He announced a strategic collaboration with Axis Bank to facilitate secure merchant settlements and reaffirmed Paytm's commitment to being a significant player in the digital payment ecosystem. Sharma expressed his ambition to establish Paytm as a leader in Asia's financial landscape. The company is actively forging partnerships with leading banks to enhance customer experiences and expand payment solutions.

Paytm CEO Vijay Shekhar Sharma gets scam texts from 'Vijay Shekhar Sharma', shares pics

Inshorts · 2m ago

Paytm CEO Vijay Shekhar Sharma gets scam texts from 'Vijay Shekhar Sharma', shares pics

Paytm CEO Vijay Shekhar Sharma shared pictures of text messages he got from a scammer who was posing as 'Vijay Shekhar Sharma', saying, "Impersonating myself to me." In the messages, the scammer asked Vijay if he was in office and asked him to send a file to finance department. "Vijay speaking to Vijay. Madness of multiverse," an X user said.

I've personal ambition to make a $100-bn Indian company: Paytm CEO

Money Control

Money Control · 1y ago

I've personal ambition to make a $100-bn Indian company: Paytm CEO

Paytm CEO Vijay Shekhar Sharma said he has a personal ambition to make a $100-billion Indian company. Acknowledging the recent crisis faced by Paytm, Sharma said, "We should've understood better and fulfilled our responsibilities more effectively. We are now far better prepared to navigate challenges." He further said that going public is like a marriage as it brings greater responsibility.

Hope Budget supports digitisation, startups: Paytm CEO Sharma

Twitter · 1y ago

Hope Budget supports digitisation, startups: Paytm CEO Sharma

Speaking on the upcoming Union Budget, Paytm CEO Vijay Shekhar Sharma said he hopes it supports digitisation and startups. "Many small businessmen and small entrepreneurs of our country have promoted digitisation from their side, so I want the government to support them, give them some incentives or in a way bring some advantages for them," he said.

Vijay Shekhar Sharma Knows a Cosmetic Surgery Won’t End Paytm’s Woes

OutlookIndia

OutlookIndia · 7m ago

Vijay Shekhar Sharma Knows a Cosmetic Surgery Won’t End Paytm’s Woes

Vijay Shekhar Sharma, the founder of India's biggest fintech firm, Paytm, is staying positive after facing setbacks including the shutdown of its banking arm by the Reserve Bank of India. Sharma admits to the company's shortcomings and is focused on building a $100 billion company that will make an impact globally. Paytm is undergoing a restructuring plan, selling non-core businesses and shifting to a distribution-led model. While some experts believe Paytm may not regain its monopoly position in the fintech market, others see potential for the company to continue innovating and attracting customers with new use cases for payments.

Paytm gets show-cause notice from SEBI over ESOPs granted to CEO

Inshorts · 1y ago

Paytm gets show-cause notice from SEBI over ESOPs granted to CEO

Paytm has received a show-cause notice from market regulator SEBI over the employee stock option plans (ESOPs) granted to the startup's Founder and CEO Vijay Shekhar Sharma, Paytm said in an exchange filing. "[We believe] that the company is compliant with the relevant regulations," Paytm said. It added that it had submitted its preliminary response to SEBI's notice.

Paytm Senior VP Praveen Sharma quits to pursue other opportunities

Inshorts · 1y ago

Paytm Senior VP Praveen Sharma quits to pursue other opportunities

Paytm Senior Vice President Praveen Sharma has quit the fintech startup to pursue other opportunities, Paytm said in an exchange filing. Praveen, who tendered his resignation to CEO Vijay Shekhar Sharma on Saturday, will work with Paytm till Sunday (March 31). "I had a wonderful stint here," said Praveen, who has worked at Paytm since September 2019.

Adani in talks with Paytm for partnership, minority stake

The Arc Web

The Arc Web · 1y ago

Adani in talks with Paytm for partnership, minority stake

Adani Group is reportedly in talks to acquire a minority stake in Paytm, India's largest payments platform. As part of the potential partnership, Paytm would provide backend technology to support Adani's expansion into digital payments. Paytm's founder, Vijay Shekhar Sharma, is expected to retain control over the company. Adani Group has also shown interest in bringing investors from West Asia into Paytm. This development comes amid challenges for Paytm, including regulatory action that has impacted its operations and financial performance.

Paytm CEO Vijay Shekhar Sharma meets FM Sitharaman

Inshorts · 1y ago

Paytm CEO Vijay Shekhar Sharma meets FM Sitharaman

Paytm CEO Vijay Shekhar Sharma met Finance Minister Nirmala Sitharaman on Tuesday, ANI reported quoting sources. They reportedly discussed the recent curbs imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank. It was earlier reported that Sharma and other Paytm executives met the RBI officials on Monday and discussed a roadmap to address the regulatory concerns.

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